13 C.F.R. § 120.424 What are the basic conditions a Lender must meet to securitize?
Title 13 - Business Credit and Assistance
To securitize, a Lender must: (a) Be in good standing as determined by the Associate Administrator for Financial Assistance (AA/FA); (b) Use a securitization structure which is satisfactory to SBA; (c) Use documents acceptable to SBA, including SBA's model multi-party agreement, as amended from time to time; (d) Obtain SBA's written consent, which it may withhold in its sole discretion, prior to executing a commitment to securitize; and (e) Cause the original notes to be stored at the FTA, as defined in §120.600, and other loan documents to be stored with a party approved by SBA.
Title 13: Business Credit and Assistance
PART 120—BUSINESS LOANS
Subpart D—Lenders
§ 120.424 What are the basic conditions a Lender must meet to securitize?
